Abercrombie Lands on Transparency Black List

This Dec. 5, 2003, file photo shows an image from an Abercrombie & Fitch catalog. CBS

This Dec. 5, 2003, file photo shows an image from an Abercrombie & Fitch catalog.
CBS

If the business model for clothing retailer Abercrombie & Fitch Co. aims to sell the image that bad behavior makes life more fun then maybe the company will see an uptick in customers after Corporate Responsibility Magazine listed the business on its annual black list.

Investors, however, might take a different view of the magazine linking Abercrombie with 29 other businesses labeled as "examples of companies for whom zero points of relevant data can be found to compare its transparency to that of its colleagues on the Russell 1000 list of large-cap firms."

Joining the ranks of such other black list companies as Weight Watchers International Inc. and Fidelity National Financial Inc., Abercrombie discloses "virtually zero" information on data points related to "environment, climate change, human rights, employee relations, finance, governance and philanthropy," the magazine says.

View the Entire Black List (PDF)

The magazine also points out that the 30 black listed companies "significantly under-performed both the S&P 500 and the '100 Best Corporate Citizens List' companies in three-year total return."

  • Alex Sundby

    Alex Sundby is an associate news editor for CBSNews.com

Popular on CBS News

Comments

Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.

Download